Shlokka Dyes Completes Leadership Transition with New CFO and Director Appointments

Shlokka Dyes Limited has announced significant changes to its leadership team following a Board of Directors meeting held on December 31, 2025. The company disclosed the resignation of its Chief Financial Officer and subsequent appointments in a regulatory filing to BSE Limited under Regulation 30 of SEBI LODR.

Board Meeting Details

The Board of Directors meeting was conducted on December 31, 2025, commencing at 5:00 PM and concluding at 6:00 PM. The meeting addressed three major agenda items including CFO resignation, new CFO appointment, and Independent Director appointment.

CFO Transition

Mr. Rajesh Bachubhai Patel has resigned from his position as Chief Financial Officer through a resignation letter dated December 31, 2025, which was duly placed before and noted by the Board of Directors. He has been relieved from his services with effect from the close of business hours on December 31, 2025, citing personal reasons for his departure.

Mr. Patel confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter. The Board of Directors has placed on record its appreciation for the valuable contributions made by Mr. Patel during his tenure as Chief Financial Officer.

New CFO Appointment

Based on recommendations from the Nomination and Remuneration Committee and approval by the Audit Committee, the Board has appointed Mr. Vikas Badgujar as the new Chief Financial Officer, effective January 1, 2026.

Mr. Badgujar brings over 20 years of experience in financial management, ERP-driven finance transformation, manufacturing operations, governance, and audit coordination. He possesses expertise in SAP Business One HANA and holds multiple certifications including Bachelor of Commerce, SAP Business One 10.0 HANA Certified, Microsoft Certified Systems Engineer, and Certified Hardware & Network Professional.

Independent Director Appointment

The company has also appointed Mr. Arpit Tiwari (DIN: 11394258) as an Additional Director (Non-Executive, Independent), effective January 1, 2026, to fill the casual vacancy created by the earlier resignation of Mr. Meet Joshi.

Mr. Tiwari is a qualified Chartered Accountant and seasoned finance professional with extensive experience in auditing, accounting, taxation, and corporate compliance. He has previously worked with M/s S.L. Chhajed & Co. LLP and has handled statutory and internal audits for prominent clients across banking, insurance, manufacturing, government, and media sectors. He holds a Bachelor of Commerce in Economics from BSSS College, Bhopal, and an MBA in Finance and Marketing from TIT College, Bhopal.

Regulatory Compliance

All appointments and resignations comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/015 dated November 11, 2024. The company has confirmed that neither the new CFO nor the new Independent Director are related to any existing Directors or Key Managerial Personnel of the company. Mr. Tiwari has also confirmed that he is not debarred from holding the office of director by virtue of any SEBI order or other authority.